Comtech Telecommunications Corp [NASDAQ: CMTL] jumped around 0.19 points on Tuesday, while shares priced at $4.03 at the close of the session, up 4.95%.
Compared to the average trading volume of 484.73K shares, CMTL reached a trading volume of 293961 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about Comtech Telecommunications Corp [CMTL]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for CMTL shares is $6.92 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on CMTL stock is a recommendation set at 2.33. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Jefferies have made an estimate for Comtech Telecommunications Corp shares, keeping their opinion on the stock as Hold, with their previous recommendation back on June 25, 2024. While these analysts kept the previous recommendation, B. Riley Securities raised their target price to Buy. The new note on the price target was released on December 15, 2023, representing the official price target for Comtech Telecommunications Corp stock. Previously, the target price had yet another drop from $10 to $7.50, while Jefferies kept a Underperform rating on CMTL stock. On June 15, 2022, analysts decreased their price target for CMTL shares from 32 to 10.
The Average True Range (ATR) for Comtech Telecommunications Corp is set at 0.42, with the Price to Sales ratio for CMTL stock in the period of the last 12 months amounting to 0.22. The Price to Book ratio for the last quarter was 0.38, with the Price to Cash per share for the same quarter was set at 1.11.
How has CMTL stock performed recently?
Comtech Telecommunications Corp [CMTL] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 26.73. With this latest performance, CMTL shares gained by 22.49% in over the last four-week period, additionally plugging by 27.33% over the last 6 months – not to mention a drop of -51.27% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for CMTL stock in for the last two-week period is set at 64.63, with the RSI for the last a single of trading hit 70.94, and the three-weeks RSI is set at 60.25 for Comtech Telecommunications Corp [CMTL]. The present Moving Average for the last 50 days of trading for this stock 3.35, while it was recorded at 3.54 for the last single week of trading, and 3.11 for the last 200 days.
Comtech Telecommunications Corp [CMTL]: Deeper insight into the fundamentals
Comtech Telecommunications Corp’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.33 and a Current Ratio set at 1.83.
Earnings analysis for Comtech Telecommunications Corp [CMTL]
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for CMTL. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Comtech Telecommunications Corp go to 8.00%.
Insider trade positions for Comtech Telecommunications Corp [CMTL]
There are presently around $55.03%, or 60.42%% of CMTL stock, in the hands of institutional investors. The top three institutional holders of CMTL stocks are: VANGUARD GROUP INC with ownership of 1.35 million shares, which is approximately 4.6786%. NEEDHAM INVESTMENT MANAGEMENT LLC, holding 1.27 million shares of the stock with an approximate value of $$3.86 million in CMTL stocks shares; and NEEDHAM INVESTMENT MANAGEMENT LLC, currently with $$3.8 million in CMTL stock with ownership which is approximately 4.3426%.
